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New Delhi: The Supreme Court bench led by Justice Arun Mishra today banned the registration of BS-IV vehicles till further orders. The judge expressed displeasure over the large number of vehicles that were sold in March, saying something “fraudulent” may have taken place.
In its last hearing the court wasn’t convinced of the permission sought by dealers about returning the unsold inventory of BS-IV vehicles to the manufacturers so that they could be exported to other countries.
The inventory pileup, as per the dealers, was due to the slowing economy, combined with the impact of the COVID-19 outbreak and consequent lockdowns. The automobile sector has been one of the worst affected in this.
– India Legal Bureau